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25.07.202210:44 Forex Analysis & Reviews: Technical analysis of USD/CHF

USD/CHF:

Exchange Rates 25.07.2022 analysis

The chart shows the movement of USD/CHF in the four-hour (H4) chart on July 22, 2022.

As follows from the previous analysis, the pair reached the expected values by the end of the trading week.

Further analysis suggests two possible scenarios:

1. Breakdown of the lower border of the support area (marked with a yellow rectangle) - 0.958.0 and continued decline towards 0.948.0 CHF and 0.942.0 CHF per 1 US dollar;

2. temporary trend reversal from the lower border of the support area to 0.9723.

It is not advisable to open any position at current prices (marked with a yellow rectangle).

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

InstaSpot Analyst,
Analytical expert of InstaSpot
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